UCLA Acquires 62-Unit Multifamily Complex In Los Angeles From Helio Group For $39M

A 62-unit multifamily apartment complex located at 3301 South Canfield Avenue in Los Angeles was sold for $39 million. The property, completed in 2024, spans 83,900 square feet, providing a per-unit price of $629,032 and a price per square foot of $465.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $39,000,000
• Buyer: University of California, Los Angeles (UCLA)
• Seller: Helio Group
• Broker: Kitty Wallace - Colliers
• Units: 62
• Square Footage: 83,900
• Price Per Unit: $629,032
• Price Per Square Foot: $465

The acquisition was made in an all-cash deal, aiming to provide housing for graduate students. The apartment complex features two- and three-bedroom units that are expected to rent for $1,793 and $1,319 per resident, respectively.